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EXHIBIT 10.14 ITLA CAPITAL CORPORATION
NON-QUALIFIED STOCK OPTION
(NON-EMPLOYEE DIRECTOR) Director Name:
Director ITLA Capital Corporation (the  Company), pursuant to its 1995 Stock Option Plan for Non-employee
Directors (the 1995 Plan), has this day granted to you, the Optionee named above, an option
(Option) to purchase shares of the common stock of the Company (Common Stock). The Option is
not intended to qualify as an incentive stock option within the meaning of Section 422 of the
Internal Revenue Code of 1986, as amended (the Code). Capitalized terms not defined herein shall
have the meanings assigned to them in the 1995 Plan. The details of your Option are as follows:  1.
    The total number of shares subject to this Option is No. of Shares (Numeral).
Subject to the foregoing and the limitations contained herein, this Option shall be
exercisable in full on the first anniversary of the date of the grant.  2.
    (a)
    The exercise price of this Option is $Exercise price per share, which is not less
than the Fair Market Value of the Common Stock on the date of the grant of this
Option.(b)
    The exercise price per share shall be paid upon exercise of all or any part
of each installment which has become exercisable by you at the time the Option is
exercised (i) in cash, (ii) in Common Stock valued at its Fair Market Value on the
date of exercise, or (iii) by a combination of (i) and (ii) at the discretion of the
Compensation Committee (the Committee). The Committee in its sole discretion may
also permit payment of the purchase price upon exercise of any Option to be made by
(i) having shares withheld from the total number of shares of Common Stock to be
delivered on exercise or by (ii) delivering a properly executed notice together with
irrevocable instructions to a broker to promptly deliver to the Company the amount of
sale or loan proceeds to pay the exercise price.  3.
    The minimum number of shares with respect to which this Option may be exercised at any one
time is ten (10) except as to an installment subject to exercise, as set forth in paragraph 1,
which amounts to fewer than ten (10) shares, in which case, as to the exercise of that
installment, the number of shares in such installment shall be the minimum number of shares.
This Option may not be exercised so as to purchase fractional shares.  4.
    The Company may require an Optionee, or any person to whom an Option is transferred, as set
forth in paragraph 7, as a condition of exercising the Option, to give written




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assurances satisfactory to the Company stating that such person is acquiring the stock subject to the
Option for such persons own account and not with any present intention of selling or
otherwise distributing the stock; provided, however, that the requirement of providing such
written assurances, and any assurances given pursuant to the requirement, shall be inoperative
if the shares issuable upon exercise of this Option are then registered under the Securities
Act of 1933, as amended (the Act), or, if such shares are not then so registered, counsel to
the Company has determined that such written assurances are not required in the circumstances
under the then applicable federal or state securities laws.  5.
    The term of this Option commences on the date hereof and, unless sooner terminated as set
forth below or in the 1995 Plan, terminates on the date which is ten (10) years from the date
of the grant as defined in the 1995 Plan. This Option shall terminate prior to the expiration
of its term as follows: three (3) months after the cessation of your directorship with the
Company and/or its subsidiaries for any reason, unless (a) such cessation of directorship is
due to your permanent and total disability (within the meaning of Section 22 (e) (3) of the
Code), in which case the Option shall terminate on the earlier of (i) the date which is ten
(10) years from the date of the grant as defined in the 1995 Plan or (ii) the date which is
six (6) months after such cessation of directorship; ( b) such cessation of directorship is
due to your death, in which case the Option shall terminate on the earlier of the date which
is ten (10) years from the date of the grant as defined in the 1995 Plan or the date which is
six (6) months after your death; or (c) such cessation of directorship is for cause (as
defined if the 1995 Plan) whereupon this Option terminates immediately on the date of your
removal from the Board of Directors. In the event of the cessation of your directorship other
than for disability, death or cause, and in the event you die within the three (3) month
period described above, this Option may be exercised after your death during the one year
period commencing with the cessation of your directorship by the person or persons to whom
your rights under this Option pass by will or by the laws of descent and distribution.
However, in any and all circumstances, this Option may be exercised following cessation of
directorship only as to that number of shares as to which it was exercisable on the date of
cessation of directorship under the provision of paragraph 1 of this Option.  6.
    This Option may be exercised, to the extent specified above, by delivering written notice, at
least ten (10) days prior to the exercise of this Option, together with the exercise price to
the Secretary of the Company, or to such other person as the Company may designate, or during
regular business hours, together with such additional documentation as the Company may than
require pursuant to Section 7.6 of the 1995 Plan.  7.
    This Option is not transferable, except by will or by the laws of descent and distribution,
and is exercisable during your life only by you.  8.
    Any notices provided for in this Option or the 1995 Plan shall be given in writing and shall
be effectively given upon receipt or, in the case of notices delivered by the Company to you,
five (5) days after deposit in the United States mail, postage prepaid, addressed to 2




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you at the address specified below or at such other address as you hereafter designate by written
notice to the Company.  9.
    This Option is subject to all the provisions of the 1995 Plan, a copy of which is attached
hereto, and its provisions are hereby made a part of this Option, including without
limitation, the provisions of Section 7 of the 1995 Plan relating to Option provisions, and is
further subject to all interpretations, amendments, rules and regulations which may from time
to time be promulgated and adopted pursuant to the 1995 Plan. In the event of a conflict
between the provisions of this Option and those of the 1995 Plan, the provisions of the 1995
Plan shall control.  10.
    The Company is not providing you with advice, warranties, or representations regarding any of
the legal or tax effects to you with respect to this grant. You are encouraged to seek legal
or tax advice from your own legal and tax advisers as soon as possible.  11.
    By accepting this grant and the shares of Common Stock covered thereby, and by signing this
instrument, you acknowledge that you are familiar with the terms of the grant and the 1995
Plan, that you have been encouraged by the Company to discuss the grant and the 1995 Plan with
your own legal and tax advisers, and that you agree to be bound by the terms of the grant and
the 1995 Plan. Dated this Grant Date. ITLA Capital CorporationByDuly authorized on behalf of theCompensation Committee of the
Board of Directors The undersigned:  (a)
    Acknowledges receipt of the foregoing Option and understands that all rights and liabilities
with respect to this Option are set forth in the Option and the 1995 Plan; and  (b)
    Acknowledges that as of the date of the grant of this Option, it sets forth the entire
understanding between the undersigned Optionee and the Company regarding the acquisition of
stock in the Company and supersedes all prior oral and written agreements on that subject. Director NameStreet Address
City, State  Zip Code 3